Engaging employees is vital for the long-term growth of organizations. It is a crucial aspect of employee retention and satisfaction, as disengaged workers are 3.3 times more likely to leave their jobs, resulting in high turnover and short staffing. To make sure that workers feel more valued and appreciated, it is crucial for organizations to invest in methods that can strengthen their mental and emotional connection towards their job. Here’s how:
Optimizing Benefit Schemes
According to studies, employees value benefits over compensation. In the US alone, 62.3% of workers said they would accept a lower salary in exchange for better workplace benefits. This clearly shows that providing employees with holistic benefits schemes beyond traditional health insurance can go a long way as they positively impact their engagement, satisfaction, and productivity.
However, aside from optimizing benefits schemes, it is also crucial to invest in better benefits management processes in order for workers to avail of them with ease. This will make them feel more prioritized as request and approval transactions are streamlined, allowing them to enjoy what a company has to offer the moment they need it.
Enhancing Payroll Services
According to recent data, about 65% of workers in the US alone live paycheck to paycheck. This shows how greatly they rely on their compensation to sustain their living, making errors and untimely payment foster a lack of trust among them. This is why enhancing payroll services is an important aspect of employee engagement.
To enhance payroll processing, organizations can either employ the use of cloud based payroll solutions or engage in outsourced payroll services. While the former automates all payroll transactions to eliminate the possibility of errors and delays, the latter makes use of the skills of experts outside the organization to accurately and securely generate payroll. In the long run, this will not only enable companies to ensure that all payments are correctly made, but this would also allow them to focus on core business transactions and other methods that can further develop employee satisfaction.
Investing in Better Performance Management
Surveys show that 83% of employees appreciate feedback, whether positive or negative, as this allows them to know which areas in their work needs improvement, helping them perform better in the future. With this, it is vital to restructure annual performance management and evaluation processes into a more interactive one.
This can be best achieved by setting goals that employees can follow, and monitoring them constantly to see how far they’ve come in attaining them. This will allow managers to see by the end of the evaluation process the areas where workers have improved, enabling them to highlight personal strengths and achievements to increase the latter’s self-awareness as they work. Eventually, this will help them have a better grasp of how their performance impacts their team, enhancing their engagement and satisfaction as they discover ways to improve themselves.
Leverage Technologies to Serve Employees’ Needs Better
Leverage technology to make the process of better serving your employees more seamless by using an HR system in Dubai that includes payroll services along with benefits and performance management features. Reach out to BSH Soft for more information.